<p>The company I work for has the “pay for performance” system. So, a significant part of my income comes from year end bonus. In talking with colleagues, it seems the best bonus this year is to keep the job. </p>
<p>However, our budget, right or wrong, is based on having an average bonus. Looks like a deep cut on spending is call for now.</p>
<p>* talking with colleagues, it seems the best best bonus this year is to keep the job. *</p>
<p>I would have to agree.</p>
<p>Looks like a deep cut on spending is call for now.</p>
<p>Agree- lots of threads on this topic if you need help- your concern is shared by many.</p>
<p>Our small business–2007 Oct. numbers compared to 2008 Oct. numbers=down 94%!!! for the month.</p>
<p>For the fiscal year–through Oct. 2007 compared to through Oct. 2008=down 20%</p>
<p>We have never seen such a dramatic change when comparing monthly statements from one year to the next. </p>
<p>In other words, please don’t blame your employer if he can’t be as generous with your Christmas bonus this year. He’s hurting too.</p>
<p>I’m lucky that our company will still have a great fiscal year and can expect a good bonus, DH not so much. </p>
<p>I have friends who have been layed off, and can’t imagine what they are going to do in the future, so I feel extremely fortunate to get a bonus this year, and DH feels just as fortunate to have a job with a good salary despite no bonus expectation this year.</p>
<p>No, I don’t expect a bonus this year, and as it’s been said, I would consider having my job a real bonus.</p>
<p>My firm has had a fantastic year. They did a lot of things last year to get more efficient and it was successful.</p>
<p>They will not, however, be giving bonuses for staff because the market doesn’t require. Associates will receive the same bonuses as last year.</p>
<p>I am a teacher LOL what is this bonus concept? ( I do miss that from my days in the private world though, sure was nice to get that about xmas time)</p>
<p>No bonuses in our future–I am paid for a small fraction of what I do as a non-profit in public health. Hubby is a federal employee–civil service. We’re both happy to have jobs & doing what we enjoy. Will try to give a little gift card to those who have helped us in our project this year in our non-profit.</p>
<p>Drizz I think like what Dad II is saying or at least in our area- companies don’t give pay bonuses- what they are doing, is trying to keep workers on payroll- as opposed to laying them off.
Since you can’t offshore teachers- they aren’t as prone to layoffs.
[Seattle</a> Times plans to cut 130-150 in another wave of layoffs - Puget Sound Business Journal (Seattle):](<a href=“http://www.bizjournals.com/seattle/stories/2008/11/03/daily6.html]Seattle”>http://www.bizjournals.com/seattle/stories/2008/11/03/daily6.html)
[Four</a> Layoffs and a Funeral: Vivendi, Northstar, Imperium, and CarDomain Cut Staff, Dipiti Shuts Doors | Xconomy](<a href=“Home | Informa Connect”>Home | Informa Connect)
[TechAddress[/url</a>]
[url=<a href=“http://www.msnbc.msn.com/id/27846768/]Boeing”>http://www.msnbc.msn.com/id/27846768/]Boeing</a> workers facing layoffs - Seattle- msnbc.com](<a href=“http://www.techaddress.com/2008/10/17/25-layoffs-at-seattles-zillow/]TechAddress[/url”>http://www.techaddress.com/2008/10/17/25-layoffs-at-seattles-zillow/)
[WaMu</a> Seattle layoffs loom for hundreds - Puget Sound Business Journal (Seattle):](<a href=“http://seattle.bizjournals.com/seattle/stories/2008/11/17/daily40.html]WaMu”>http://seattle.bizjournals.com/seattle/stories/2008/11/17/daily40.html)
[Seattle/Tacoma</a> papers look at the Weyerhaeuser layoffs - Business - Oregonlive.com](<a href=“http://www.oregonlive.com/business/index.ssf/2008/08/seattletacoma_look_at_the_weye.html]Seattle/Tacoma”>Seattle/Tacoma papers look at the Weyerhaeuser layoffs - oregonlive.com)
[Tallying</a> Seattles Tech & Life Sciences Layoffs | Xconomy](<a href=“Home | Informa Connect”>Home | Informa Connect)
[Starbucks</a> announces 85 local layoffs | KOMO News - Seattle, Washington | Local & Regional](<a href=“http://www.komonews.com/news/local/34124694.html]Starbucks”>http://www.komonews.com/news/local/34124694.html)
[Business</a> & Technology | Paccar layoff will leave few workers in Renton | Seattle Times Newspaper](<a href=“http://seattletimes.nwsource.com/html/businesstechnology/2008393309_paccar15.html]Business”>http://seattletimes.nwsource.com/html/businesstechnology/2008393309_paccar15.html)
[Layoffs</a> Coming at King County | Slog | The Stranger | Seattle’s Only Newspaper](<a href=“http://slog.thestranger.com/2008/10/layoffs_coming_at_king_county]Layoffs”>Layoffs Coming at King County | Slog | The Stranger | Seattle's Only Newspaper)</p>
<p>You guys think i-bank analysts will still get bonuses this year? : /</p>
<p>another federal civil service employee here. No bonuses. We get a raise in January. I am happy to have a job.</p>
<p>Dad II, it sounds like you are working in ibanking and not engineer/scientist type of jobs because bonuses are usually very small for these jobs(6-10%).</p>
<p>Last year my top employee got a $1000 bonus. It was a real bonus … unexpected but IMO deserved for doing an awesome job. This was on top of 3 raises totalling 25% during the year. She’ll get the same this year if things stay on track. Right now, my sales are 30% above last year. If it stays there … maybe bigger. If December is a total dud, it’ll be less. </p>
<p>My parttimers all got Visa gift cards and a little gift --value about one week’s pay. They will get something similar this year.</p>
<p>I may very well be the exception – even in this economy, my sales are going up.</p>
<p>^^ what do you sell?</p>
<p>C_S, one of us may have a mis-understanding about “pay for performance (PFP)” system. I have worked in two companies that use this system.</p>
<p>There are companies that use a straight salary system. One gets a fix number and may get a small bonus if the performance is above and beyound. The bonus could be cash or, in most of time, stock options.</p>
<p>There are companies that uses "PFP system. One get a salary plus a PFP bonus. This PFP is factored by company’s performance, your performance, etc. The % of your pay that is in danger depends your level in the company. The higher the level, the higher the %. So, a good performing mid level manager could get a lot money - 50 - 60% of salary from his/her pfp bonus. </p>
<p>For example, the offer letter will be $100K/year base salary and up to 60% PFP pay. So, if the company does not do too good, your PFP will be at total risk. E4 reads it right, it is probably better not giving out PFP but keep everyone employed.</p>
<p>It’s a pet shop. Retail … so the employees are generally paid by the hour and it’s not large sums of money. I don’t do commissions, although there are little sales contests and if someone did something spectacular there’d be a bonus attached to it.</p>
<p>That $1000 bonus represented over 2 weeks pay. It was a surprise and totally unexpected. And, in her case, totally deserved. I wished I could have done $5000.</p>
<p>A bonus? Whassat? We’ve got a wage freeze!</p>
<p>I used to work in a company that had profit sharing- that was great- another thing that I liked is that they would pay for suggestions that improved product or performance or procedure.
I was able to make lots of suggestions that I then was compensated for.
Unfortunately it was an office job and deathly boring to me.
Great benefits and I can see why some people stay at one job for ever- but I would have went crazy.</p>
<p>Dad II, how do you get majority of pay in bonus if you make less than 10000 a month? In engineering?</p>
<p>We do expect a bonus this year, and numbers have been submitted. I am in banking, as expected bulk of our pay is in bonus.</p>
<p>We had layoffs. None of us are getting raises or cost-of-living increases. We’d been told earlier that we’re getting bonuses but that they’re not going to be what we’re used to.</p>